You're ready to achieve your dream and start your own business. There's so much to do and so many plans to make. You're picking the inventory you'll order. You are negotiating the lease for your space. Excitedly, you tell your friends about your plans. Then one throws...
Business Formation
What is a founders’ agreement and why do you need one?
When you start a new company, it is very important to make sure that all of your legal paperwork is in order. This includes things like nondisclosure agreements, articles of incorporation, shareholder agreements, employee contracts and much more. Obviously, the...
Tips for finding the ideal business partner
When starting a new business with someone else, much of your potential for success hinges on whether or not you can find the right business partner. Trust your gut. You need the perfect person for the job. Here are a few tips on how to find them: Work together first:...
Forming an Ohio hairdressing business
Starting a new business can be a very exciting move, and while it can feel like a dream at first, you will quickly come back to reality when you realize the administration that is involved. But the process of starting up your hairdressing business in Ohio does not...
What should I include in my LLC’s operating agreement?
If you've looked into incorporating your business as a limited liability company (LLC), then you've likely heard the terminology "operating agreement" (OA). It's serves a similar role to a corporation's bylaws. It's the document used to enumerate the different LLC...
What steps do I take to form a business?
Starting your own business may be a dream you may have had for a long time. Unfortunately, doing so take more than a business idea, a storefront and an open sign. It takes research, planning and many legal activities. Consider these steps to forming a successful...
Starting a business: Hiring employees
Once your business is legally formed, one of the next steps you will need to take is to hire employees. This can be exciting, as you can see your business start to grow. When it comes to hiring employees, you should consider the following: Finding potential employees:...
Don’t fall into these start-up pitfalls
Do you have a great idea for a start-up? While enthusiasm is a great quality for entrepreneurs to have, it must be tempered with due diligence or you could find yourself in a world of trouble. Before you jump the gun and get yourself in over your head in some murky...
How should I select a business partner?
Choosing a business partner is a bit like choosing your spouse. And like an unhappy marriage, if you make the wrong choice, you can set yourself up for failure. If you want to stick it out for the long run, you should select someone whose skill set complements your...
Considering An S Corporation? This Information May Help
Choosing the type of business entity that will work best for your company can be a confusing and frustrating process. With so many choices, it can be challenging to know which one will give you the most bang for your buck while also allowing your business to thrive....